The net proceeds from the Offering will be used principally to fund Sonoro’s previously announced exploration and development plans at its Cerro Caliche Project located in Sonora, Mexico and project property maintenance payments, and secondarily for corporate and general administrative expenses.
Luis Marchese, CEO of Sierra Metals commented, “The Yauricocha Mine had a good second quarter despite the negative implications of the COVID-19 related shutdowns.”
Hasta el momento, Minera Saucito es la primera filial de Fresnillo PLC en obtener la certificación internacional ISO 45001: “Sistemas de gestión de la seguridad y salud ocupacional en el trabajo“, por parte de la compañía internacional BSI Group, debido a la implementación de acciones para disminuir riesgo de lesiones y enfermedades recurrentes en el sector.
“Siempre tuvimos claridad que no teníamos relación con la posible afectación de las pozas, pues nuestros altos estándares ambientales cumplen con la regulación nacional e internacional y jamás pasaríamos por desapercibido un incidente ambiental,” precisó Luiz Camargo, Director País de Compañía Minera Cuzcatlán.
Mexican mining company Industrias Peñoles, one of the world’s largest silver producers, said in a statement on Friday that it has completed the placement of international bonds worth $600 million in two issues that were both oversubscribed.
Scott Perry, President and Chief Executive Officer of Centerra stated, “We continue to stay vigilant at all of our operations to prevent an outbreak and avoid the spread of the COVID-19 virus and to ensure the health, safety and well-being of our employees, contractors and communities. At our Öksüt operation, we have celebrated a recent safety milestone, when on July 19, 2020, Öksüt achieved 3 million work hours without a lost time injury. Our continued commitment to Work Safe Home Safe is a driving force behind achieving such milestones.”
During the quarter, 2,575 tonnes of ore were mined at Plomosas, which was lower than the previous quarter of 9,987 tonnes, primarily due to the COVID-19 suspension of operations.
The net proceeds raised through the issue of Units will be to advance the Company’s exploration properties located in Mexico and for general working capital purposes.
The Company intends to use the net proceeds of the Offering to conduct a drilling program on the Company’s Kwai property in the Red Lake mining district and for general working capital.
Minera Alamos Inc. is pleased to announce it has hired Chris Sharpe P.Eng to be the Company’s VP Project Development effective September 1st, 2020. With immediate effect, the Company has promoted Mr. Federico Alvarez to the position of Chief Operating Officer.
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